4522 S Calumet Ave - Apartments FOR SALE


Chicago, IL 60653- Bronzeville
$995,000 USD
312-972-4381
4522 S Calumet Ave, Chicago, IL for Sale
$995,000 USD
Apartments - FOR SALE
1/14
null | 6.98% Cap Rate

4522 S Calumet Ave
Chicago, IL 60653
Bronzeville


HIGHLIGHTS

  • Full Renovation in 2014 (Major Systems Already Updated)
  • Clear Value-Add Opportunity Through Rent Growth
  • Strong Bronzeville Location with Continued Development

OVERVIEW

Investor opportunity in Bronzeville. Solid 6-unit brick apartment building featuring two 3BD/1.5BA units and four 2BD/1BA units, totaling approximately 6,600 SF on a 6,000 SF lot. The property was fully renovated with permits in 2014, including updated plumbing, electrical, porches, masonry, and interior finishes. Currently, fully-occupied with strong in-place income and clear value-add potential through cosmetic upgrades and rent growth. Individual heating systems and hot water tanks per unit plus 3 on-site parking spaces. Prime Bronzeville location near CTA Green & Red Lines, I-90, Illinois Institute of Technology, and the University of Chicago. Strong tenant demand in a neighborhood seeing continued residential and commercial development.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

6

PRICE/UNIT

$165,833

CAP RATE

6.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1877

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,700 SF

ZONING

MULTI

APN/PARCEL ID

20-03-316-028-0000

ASK ABOUT THIS PROPERTY

Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

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Kevin RocioROC Advisory Group - @properties CommercialMore Info
312-972-4381

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.